The Tacoma Economic Development Committee convened on January 14, 2025, to discuss key strategies for enhancing economic growth in the city. The meeting focused on identifying neighborhoods that require prioritization for development and investment, particularly in areas experiencing rapid transitions.

Committee members highlighted South Tacoma and McKinley as regions undergoing significant changes driven by both private and public sector initiatives. The discussions emphasized the need for formal criteria to guide public investment, particularly in underutilized buildings and areas with low economic opportunity. The committee acknowledged the importance of addressing noncompliance with mixed-use zoning as part of their strategy.

A significant concern raised during the meeting was the potential displacement of residents due to development initiatives. Members stressed the importance of community engagement and ownership in the development process to alleviate fears of displacement, particularly in neighborhoods like Hilltop and the East Side, which have previously experienced such challenges.

The committee also noted the emergence of the new Tacoma Neighborhood Council and discussed the need to assess whether this council requires additional support or resources to effectively contribute to local economic development. The conversation included a focus on the downtown area, which remains central to Tacoma's economic landscape, with members expressing the need to boost revenues and solidify the city's economic position.

Overall, the meeting underscored the committee's commitment to fostering equitable development while ensuring that the voices of local stakeholders, including legacy businesses, are considered in future planning efforts. The committee plans to continue monitoring these neighborhoods and engage with community members to ensure that development initiatives benefit all residents.